The market seems to like the news coming out of Excelsior Mining Corp. (TSX:MIN, OTCQX:EXMGF) recently as their in-situ copper leaching project is on track to transitioning the company to producer status this quarter. Here is a look at the breakout of Excelsior Mining and another look at the copper chart.
A week ago, in our educational segment 002, we took a close look at how a positive MACD crossover of the signal line over the trigger line when both lines were above the zero line was noted for Wallbridge Mining (TSX: WM). This positive chart condition sometimes offers clues for “better things to come”. Here’s how that played out and what we see in copper today.
Here’s a look at the weekly copper chart analysis for October and why we need to see a coppper price of $2.75 to reawaken bullish interest.
There are deeper mines in North America than the Resolution mine but none with a single shaft this long. It is a 6,943 foot concrete barrel, 30 feet in diameter bored into the mountain of Arizona and took six years to dig. Watch as Bloomberg’s Matt Philips journeys toward the center of the earth to check out this engineering marvel.